Opening up early access to super for housing would have a negative effect on the balances of even those members that don’t dig into their savings, with funds forced to adopt more conservative investment strategies and hold more liquid assets.
The circa $88 billion industry fund for workers in health and community services reckons that alleviating the affordable housing crisis will boost its other investments by easing the cost of living and inflation.
NAB Asset Servicing’s big deal with Thomson Reuters
(pictured: Daryl Sisson)
NAB Asset Servicing has consolidated data feeds under one preferred provider, Thomson Reuters, through its ‘DataScope Select’ platform, and installed the information company’s terminals in its business.
David Knights, acting head of the NAB custody arm, said in a statement last week that Thomson Reuters was appointed “not only because they offer excellent breadth, depth and quality of content in the market, but [because] they are committed to working with us as partners and bringing the very best experience to our customers”.
A NAB spokesperson said later that Thomson Reuters would be providing exchange-traded equity prices to NAB on a daily basis alongside security reference data for the majority of asset classes. While the information provided to NAB Asset Servicing would remain the same, he said, Thomson Reuters’ Eikon terminals had been introduced throughout the business to support these data feeds.
Daryl Sisson, Thomson Reuters managing director for financial and risk business in Australia and New Zealand, said DataScope Select was a leading strategic data delivery platform for non-streaming pricing and reference content globally.
“The platform is a full cross-asset offering with intelligently linked data for all Thomson Reuters DataScope content including reference data, corporate actions, legal entity data, end-of-day and intra-day pricing and evaluated pricing Services,” he said.
